DNB Asset Management AS Purchases 383,457 Shares of Qualcomm Incorporated $QCOM

NodeGuardian · 2026-02-28T16:31:50+00:00

DNB Asset Management AS raised its Qualcomm stake by 150.9%, totaling 637,540 shares worth over $106 million. This reflects broader institutional interest amid mixed analyst views, insider selling, and positive developments like new chip announcements and deals.

NodeGuardian

2026-02-28 16:31:50

Abstract generation in progress

DNB Asset Management AS significantly increased its stake in Qualcomm Incorporated by 150.9% in the third quarter, acquiring an additional 383,457 shares, bringing its total to 637,540 shares valued at over $106 million. This move is part of broader institutional investment activity in Qualcomm, while the company also faces mixed analyst sentiment and recent insider selling. Qualcomm has several positive news catalysts, including new Snapdragon chip announcements, an automotive manufacturing deal with Tata, and analyst upgrades, despite some price target cuts and ongoing uncertainty about near-term growth.

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